FAQs

1. What services do you provide?

We offer full bookkeeping support, which includes transaction posting, reconciliations, GST and PST filings, accounts payable, advisory, and software setup.

2. Do I need an accountant?

Yes! We are in the works of being able to offer to end services, including tax filing, but for now, we will collaborate with your accountant for year end.

3. What’s the difference between bookkeeping and accounting?

Bookkeeping involves daily transaction recording, while accounting builds on that data to prepare financial statements, reports, and file tax returns.

4. What will you need from me?

We will need your business information, source documents- receipts, bills, invoices, statements, and access to your CRA account through rep a client in order to file sales tax.

5. What are the main deadlines?

• On the 15th payroll taxes are due

• Last day of the month (if monthly filer) GST and PST are due

• Personal taxes are due April 30th or June 15th for self employed

• Installments are due the last day of the month (monthly or quarterly)

• We need all your documents by the 10th in order to complete month end on time

6. When must I register for GST?

When you reach the $30K threshold, you are required to register and start collecting GST.

7. What payroll services do you offer?

We do not manage payroll in house- we leave that to the payroll pros! We collaborate with PeopleWell who are experts in payroll, but we will assist you in setting up Wagepoint or QBO payroll if you want to run it yourself.

8. Why choose advisory services?

Ahhh, compliance is good, but using your finances strategically is even better. We utilize software to prepare reports that give you the full details of your business!

9. What do your fees cost?

Costs vary by service, complexity, and business size, but generally range from $350-$900.

10. Can I switch from my current accountant?

Absolutely. We handle the full transition—liaising with your previous accountant, transferring records, and ensuring a smooth transition.

11. What qualifications and standards do you have?

Our team is dedicated to ongoing learning. We have CPB (certified professional bookkeepers), accounting/bookkeeping majors, and a years of experience behind us.

12. How quickly can you turn around monthly work?

This depends entirely on you! Once we receive all the documents and can reconcile your accounts, you can expect your financials by the 15th.